News Summary

• Paramount’s massive $110 billion US bid to take over Warner Bros.
• Discovery has run into a new hurdle in Canada.
• The Competition Bureau officially launched a review of the merger on March 12.
• The federal agency is required to investigate mergers when the value of the Canadian assets or sales involved exceeds specific financial thresholds.
• While the Bureau wouldn’t confirm the exact trigger for this case, industry insiders suggest the deal easily clears the bar.
• The merger would combine two of the biggest players in the Canadian entertainment landscape.